Our residential lending business in the UK continued to grow in 2024, with funded projects set to deliver more than 3,370 homes. We are on track to significantly expand our lending activity, expecting to deploy £1.0bn over the next decade.

Agreements with leading sponsors and developers such as Ridgeback, McLaren Property and DWS have enabled us to support a variety of tenures, including build-to-rent, for sale and purpose-built student accommodation.

By leveraging our extensive experience as a developer, we have been able to quickly scale this part of our business, supporting efforts to address the significant shortage of homes across the country.